Tag: Innovation Process

Every industry has its peculiarities when it comes to innovation. Developing a new aircraft requires a different approach than a new consumer good (Ulrich & Eppinger, 2012, p.20). The existing innovation processes such as the Stage-Gate Model or Design Thinking are very general in design, lead to a high flop rate of 65% to 80% … Continue reading How to Innovate in the Consumer Goods Industry